REALTORS® Association of Hamilton-Burlington Provides $19,290 in Support of Five Local Shelter Related Charities

Ontario REALTORS® Donate $1 million to Shelter-Based Charities as Pandemic Continues to Challenge Shelters and Food Banks

As the third wave of the pandemic continues to put pressure on the province’s already stretched shelter system, the REALTORS® Association of Hamilton-Burlington is supporting five shelter-based charities in our local community by providing $19,290 in funding to assist with service continuity. The five shelter-based charities that received funding are Halton Women’s Place, Salvation Army Hamilton Booth Centre,  The Bridge Hamilton, Wesley Urban Ministries, and YWCA Hamilton. This funding is part of the Ontario Real Estate Association’s (OREA) larger donation of $520,000 to Ontario shelters and food banks, which is on top of the $480,000 donation made one year ago. The funds will be distributed through the Ontario REALTORS Care® Foundation to nearly 100 shelters and food banks across Ontario.

“The impacts of COVID-19 continue to be felt around the world, including in our local communities with vulnerable populations being disproportionately affected,” says RAHB President Donna Bacher. “In our RAHB market area, we have witnessed first-hand the tremendous work and obstacles these five charities have had to overcome during the pandemic. Our hope is that this donation will have a direct impact on our community and assist in each charity’s pandemic recovery plan.”

All charities receiving funding are listed on RealHeart.ca, a recently launched initiative with a mission to support Ontario REALTORS® in their work to build stronger communities across Ontario. In 2020 alone, the Foundation raised more than $1.1 million for shelter-based organizations. Today’s donation is part of OREA’s and ORCF’s longstanding commitment to helping families in need of emergency and permanent housing.

“The impact of this pandemic on our local communities has been devastating,” says President of the Ontario REALTORS Care® Foundation Heather Arnott. “We hope this donation will help our community organizations continue the incredibly important work they do to help those going through tough times. I’d like to thank the OREA Board of Directors for their continued support of the Foundation and for their work in responding to the current COVID crisis. This funding is consistent with the socially responsible leadership that OREA, its 37 Member Boards and its REALTOR® Members provide to the Ontario communities they serve.”

Pictured is Anuja Varghese from YWCA Hamilton

To make a donation to the Ontario REALTORS Care® Foundation, go to www.RealtorsCareOntario.ca.

RAHB REALTORS® RELEASE MAY 2021 MARKET STATISTICS

*This post has been updated since being uploaded on June 2, 2021. The Stats Map for the Entire RAHB Market Area, Burlington Area Map, Haldimand Area Map, Hamilton Area Map, and Niagara North Area Map have been updated. Apologies for any inconvenience.*

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,811 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in May 2021. While sales were down five per cent since last month, they were up 90 per cent since May 2020. New listings were down 14 per cent since last month and up 73 per cent as of last May. The average price for residential properties was $843,468 which was down one per cent from last month and up 29 per cent from May 2020. The inventory available at the end of the month was 0.6 per cent lower than last month.

*The news release will be posted to www.rahb.ca/market-stats/ on Thursday, June 3.*

Follow the links below for: 

Burlington

Haldimand 

Hamilton

Niagara North

RAHB REALTORS® RELEASE APRIL 2021 MARKET STATISTICS

RAHB REALTORS® RELEASE APRIL 2021 MARKET STATISTICS

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,906 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2021. While sales were down eight per cent since last month, they were up 245 per cent since April 2020. New listings were down three per cent since last month and up 191 per cent as of last April. The average price for residential properties was $855,455 which was down two per cent from last month and up 39 per cent from April 2020. The inventory available at the end of the month was 23 per cent higher than last month.

*The news release will be posted to www.rahb.ca/market-stats/ on Tuesday, May 4.*

Follow the links below for:

Burlington

Haldimand

Hamilton

Niagara North

More REALTORS® Can Now Access the Canada Emergency Business Account

On October 26, 2020, Federal Finance Minister, Chrystia Freeland, announced that the CEBA would be available to businesses that have been operating out of a non-business account through their financial institution.

The CEBA program provides interest-free loans of up to $40,000 to small businesses that have experienced a loss in revenue due to COVID-19. Repaying the balance of the loan on or before December 31, 2022, will result in loan forgiveness of 25 per cent (up to $10,000).

Eligible businesses include those who had a total payroll between $20,000 and $1.5 million in 2019, as well as sole proprietors receiving business income directly and family-owned corporations remunerating in the form of dividends. Businesses must also have an active Canada Revenue Agency business number with an effective date of registration on or prior to March 1, 2020.

If you are currently operating a small real estate business through a personal account with your financial institution and meet the above outlined eligibility requirements, you may now open a business account with your financial institution.

Once you have successfully opened a business account, you can apply for CEBA by contacting your financial institution. The deadline to apply is December 31st, 2020.

If you are wondering if the CEBA program is right for your business, the Government has created a pre-screening tool to provide business owners with an indication of their eligibility.

The Government has also created a CEBA Call Centre, which can be reached at 1-888-324-4201 between Monday and Friday from 8 a.m. to 9 p.m.

Canada’s 2020 Fall Economic Statement

On December 1, the Government of Canada released their 2020 Fall Economic Statement which included some good news for Ontario home owners, buyers, sellers, and REALTORS®.

The First-Time Home Buyer Incentive

The government is expanding the First-Time Home Buyer Incentive to enhance eligibility in Toronto.

To help people in Toronto buy a house, the federal government is expanding the program to be available to eligible buyers to purchase a home up to 4.5 times their household income, an increase from the current limit of 4 times household income.

Additionally, the eligible buyer’s income threshold is being raised from $120,000 to $150,000 for Toronto. These changes will come into effect in the spring of 2021.

Home Energy Retrofits and Assessments

The government is proposing to provide $2.6 billion over 7 years, starting in 2020-21, to Natural Resources Canada to help homeowners improve their home energy efficiency by providing up to 700,000 grants of up to $5,000 to help homeowners make energy-efficient improvements to their homes.

Additional information on home energy efficiency grants will be provided in a future announcement, and eligibility for these grants will be retroactive to December 1, 2020.

The government also recognizes that homeowners and landlords need to be able to access simple and affordable financing to make deeper home energy retrofits. Over the coming months, the government will outline details of a low-cost loan program that integrates and builds on available energy audits and grants, and which can be easily accessed by Canadians.

Extending the Application Deadline for CEBA

The government is extending the application deadline for the Canada Emergency Business Account (CEBA) to March 31, 2021.

CEBA provides an interest-free loan to small businesses of up to $40,000, with up to $10,000 being forgivable if the loan is paid back by December 31, 2022. The CEBA program will also soon be expanded, allowing eligible businesses to access an additional interest-free $20,000 loan where it is needed.

To read the full Fall Economic Statement, please click the button below:

Social Media Posts: First-Time Home Buyers’ Month 2020

RAHB is recognizing November as First-Time Home Buyers’ Month, and has developed several resources – such as social media graphics and messaging – that Members can share on their social media accounts. RAHB will send e-mails to Members each Sunday that include easily sharable content for First-Time Home Buyers’ Month that may be beneficial to your clients, potential clients and the general public.

These e-mails will have social share buttons that will post automatically to your Facebook, Twitter and/or LinkedIn accounts when clicked. There will also be the option to share via e-mail.

Here you will find graphics and captions that are to be shared on social media. The e-mail dates and topics are as follows:

Please note that there is not the option to share via Instagram directly through the e-mails. Below are social media posts that can be used for Instagram.

You can automatically download all the graphics by clicking the button below:

The Week of November 8: What is the First-Time Home Buyer Incentive?

How to share on social media:

To share the resource, please download the social media graphic by clicking on it and then right clicking and select “save image as” to download the graphic to your computer.

Below the graphic is a sample social media message. Please cut and paste the messages directly into your social media channel, and post the accompanying graphic.

Please copy the below message and paste it to your social media channel – and include the graphic.

For Social Media:

November is First-Time Home Buyers’ Month! Check out the #RAHB website for a podcast & resources on the FTHB Incentive #RealEstate #FTHB2020 #HamOnt #Burlington #Haldimand #Niagara #REALTORS https://www.rahb.ca/fthb-first-time-home-buyer-incentive/

Week of November 15: The First Meeting (With a Mortgage Specialist)

How to share on social media:

To share the resource, please download the social media graphic by clicking on it and then right clicking and select “save image as” to download the graphic to your computer.

Below the graphic is a sample social media message. Please cut and paste the messages directly into your social media channel, and post the accompanying graphic.

Please copy the below message and paste it to your social media channel – and include the graphic.

For Social Media:

November is First-Time Home Buyers’ Month! What do you do at the first meeting with a mortgage specialist? #RAHB has info & resources to prepare #RealEstate #FTHB2020 #HamOnt #Burlington #Haldimand #Niagara #REALTORS https://www.rahb.ca/the-first-meeting/

Week of November 22: Essential Key Terms for First-Time Home Buyers

How to share on social media:

To share the resource, please download the social media graphic by clicking on it and then right clicking and select “save image as” to download the graphic to your computer.

Below the graphic is a sample social media message. Please cut and paste the messages directly into your social media channel, and post the accompanying graphic.

Please copy the below message and paste it to your social media channel – and include the graphic.

For Social Media:

November is First-Time Home Buyers’ Month! There are essential key terms every FTHB must know. For a list, visit the #RAHB website #RealEstate #FTHB2020 #HamOnt #Burlington #Haldimand #Niagara #REALTORS https://www.rahb.ca/key-terms-to-know-and-understand/

Have Your Voice Heard – Residential Zoning Project

The City of Hamilton’s Comprehensive Zoning By-law No. 05-200 came into effect on May 25, 2005, and is being implemented in stages. This Zoning By-law applies to the entire City of Hamilton and is replacing the Zoning By-laws of the former municipalities.

The final phase of this project – Residential Zoning Project — is focused on residential zones in the urban area.

For more information on Zoning Bylaw No. 05-200, please click the button below:

The City of Hamilton is now asking for your input on the Residential Zoning Project through the Engage Hamilton portal. To view the Engage Hamilton Residential Zoning Project webpage, please click the button below:

There are four key dates associated with the Residential Zoning Project:

  • Secondary Dwelling Unit Surveys Open (October 19)
  • Secondary Dwelling Unit Surveys Close (November 16)
  • Virtual Town Hall # 1 (November 12) – Registration details to come
  • Virtual Town Hall # 2 (November 16) – Registration details to come

The two surveys — Urban and Rural Secondary Dwelling Units — can be found by clicking the buttons below:

Please note, to participate in the two surveys, you must have an Engage Hamilton account. To register for an Engage Hamilton account, please click the button below:

Canada and Ontario Invest in Public Transit Infrastructure for Burlington’s Growing Population

On September 8, the Honourable Karina Gould announced funding for six projects that will modernize and improve public transit in Burlington.

The Government of Canada is investing more than $5.1 million for projects through the Public Transit Infrastructure Stream (PTIS) of the Investing in Canada plan.

To learn more about the Investing in Canada plan, please click the button below:

Burlington public transit users will benefit from:

  • The purchase of 12 new 40-foot conventional buses to expand the fleet over the next three years;
  • The purchase of five new conventional buses that will replace current buses that have reach the end of their lifecycle,
  • The purchase of three specialized accessible vehicles to support the community’s need for more accessible public transit over the next three years;
  • The installation of devices on traffic signals and conventional buses that will help increase public transit efficiency and on-time performance by allowing buses to move through traffic more efficiently;
  • The procurement and implementation of an intelligent transit system technology system to introduce new, on-demand services to areas that are currently under-serviced, and;
  • The purchase of a new fuel that will improve the quality of the public transit system.

For more information, please click the button below:

Marketing Package: Senior’s Month 2020

Throughout the month of June, we invite RAHB members to share the Senior’s Month resources that could be beneficial to your client, potential clients and the general public.

Here you will find graphics and captions that are to be shared on social media. The themes are as follows:

The impact of this awareness campaign will only be as powerful as the strength of our social media presence — please share!

You can automatically download all the graphics by clicking the button below:

Independence: June 8 -1 2

How to share on social media:

To share the various resources, please download the social media graphic by clicking on it and then right clicking and select “save image as” to download the graphic to your computer.

Below each graphic are sample social media messages that are tailored for each of RAHB’s four main communities. Please cut and paste these messages directly into your social media channel, and post the accompanying graphic.

Independence – Hamilton Resources

Please copy the below message and paste it to your social media channel for Hamilton resources – and include the graphic.

For Twitter:

The natural effects of aging can make independent living more complicated than it once was; however, it’s essential to understand the importance of autonomy in senior living. For resources w/in #HamOnt #Hamilton, visit www.rahb.ca/independence-in-hamilton/ #SeniorsMonth #RAHB

For Instagram, Facebook and LinkedIn:

The natural effects of aging can make independent living more complicated than it once was; however, it is essential to understand the importance of autonomy in senior living. For resources within #HamOnt #Hamilton, please visit the #RAHB website at www.rahb.ca/independence-in-hamilton/. #Seniors #RealEstate #REALTORS

Independence – Burlington Resources

Please copy the below message and paste it to your social media channel for Burlington resources – and include the graphic.

For Twitter:

The natural effects of aging can make independent living more complicated than it once was; however, it’s essential to understand the importance of autonomy in senior living. For resources w/in #BurlON #Burlington, visit www.rahb.ca/affordability-in-burlington/ #SeniorsMonth #RAHB

For Instagram, Facebook and LinkedIn:

The natural effects of aging can make independent living more complicated than it once was; however, it’s essential to understand the importance of autonomy in senior living. For resources within #BurlON #Burlington, please visit the #RAHB website at www.rahb.ca/affordability-in-burlington/. #RAHB #REALTORS #RealEstate

Independence – Niagara North Resources

Please copy the below message and paste it to your social media channel for Niagara North resources – and include the graphic.

For Twitter:

The effects of aging can make independent living more complicated than it once was; but it’s essential to understand the importance of autonomy in senior living. For resources w/in #Niagara, visit www.rahb.ca/affordability-in-burlington/ #SeniorsMonth #RAHB #Grimsby #WestLincoln #Smithville

For Instagram, Facebook and LinkedIn:

The natural effects of aging can make independent living more complicated than it once was; however, it’s essential to understand the importance of autonomy in senior living. For resources within #Niagara, please visit www.rahb.ca/independence-in-niagara-north/. #RAHB #Grimsby #WestLincoln #Smithville #RealEstate #REALTORS #Seniors

Independence – Haldimand County Resources

Please copy the below message and paste it to your social media channel for Haldimand County resources – and include the graphic.

For Twitter:

The effects of aging can make independent living more complicated; however, it’s essential to understand the importance of autonomy in senior living. For resources w/in #Haldimand, visit www.rahb.ca/independence-in-haldimand-county/ #SeniorsMonth #RAHB #Caledonia #Hagersville #Dunnville

For Instagram, Facebook and LinkedIn:

The natural effects of ageing can make independent living more complicated than it once was; however, it is essential to understand the importance of autonomy in senior living. For resources within #Haldimand, please visit www.rahb.ca/independence-in-haldimand-county/. #RAHB #Caledonia #Hagersville #Dunnville #Seniors #RealEstate #REALTORS

Independence – Federal Resources

Please copy the below message and paste it to your social media channel for federal resources – and include the graphic.

For Twitter:

The effects of ageing can make independent living more complicated than it once was; however, it’s essential to understand the importance of autonomy in senior living. For resources from the federal govt, visit www.rahb.ca/independence-by-the-federal-government/ #SeniorsMonth #RAHB #Canada

For Instagram, Facebook and LinkedIn:

The natural effects of ageing can make independent living more complicated than it once was; however, it’s essential to understand the importance of autonomy in senior living. For resources from the federal government, visit www.rahb.ca/independence-by-the-federal-government/. #SeniorsMonth #RAHB #Canada #Seniors #RealEstate #REALTORS

Independence – Provincial Resources

Please copy the below message and paste it to your social media channel for provincial resources – and include the graphic.

For Twitter:

The natural effects of aging can make independent living more complicated than it once was; however, it’s essential to understand the importance of autonomy in senior living. For resources from the prov govt, visit www.rahb.ca/independence-by-the-provincial-government/ #SeniorsMonth #RAHB #Ontario

For Instagram, Facebook and LinkedIn:

The natural effects of ageing can make independent living more complicated than it once was; however, it’s essential to understand the importance of autonomy in senior living. For resources from the provincial government, visit www.rahb.ca/independence-by-the-provincial-government/ #SeniorsMonth #RAHB #Ontario #RealEstate #REALTORS #Seniors

Safety: June 15 – 19

How to share on social media:

To share the various resources, please download the social media graphic by clicking on it and then right clicking and select “save image as” to download the graphic to your computer.

Below each graphic are sample social media messages that are tailored for each of RAHB’s four main communities. Please cut and paste these messages directly into your social media channel, and post the accompanying graphic.

Safety – Hamilton Resources

Please copy the below message and paste it to your social media channel for Hamilton resources – and include the graphic.

For Twitter

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For resources within #HamOnt #Hamilton, please visit the #RAHB website by visiting https://www.rahb.ca/safety-in-hamilton/. #SeniorsMonth

This message is compatible with Instagram, Facebook and LinkedIn:

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For resources within #HamOnt #Hamilton, please visit the #RAHB website by visiting https://www.rahb.ca/safety-in-hamilton/ #SeniorsMonth #Seniors #RealEstate #REALTORS

Safety – Burlington Resources

Please copy the below message and paste it to your social media channel for Burlington resources – and include the graphic.

For Twitter

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For resources within #BurlON #Burlington, please visit the #RAHB website by visiting https://www.rahb.ca/safety-in-burlington/ #SeniorsMonth 

This message is compatible with Instagram:

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For resources within #BurlOn #Burlington, please visit the #RAHB website by visiting https://www.rahb.ca/safety-in-burlington/ #SeniorsMonth #Seniors #RealEstate #REALTORS

Safety – Niagara North Resources

Please copy the below message and paste it to your social media channel for Niagara North resources – and include the graphic.

For Twitter

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For resources within #Niagara, please visit the #RAHB website by visiting visiting https://www.rahb.ca/safety-in-niagara-north/ #SeniorsMonth 

For Instagram, Facebook and LinkedIn:

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For resources within #Niagara, please visit the #RAHB website by visiting https://www.rahb.ca/safety-in-niagara-north/ #SeniorsMonth #SeniorsMonth #Seniors #RealEstate #REALTORS

Safety – Haldimand County Resources

Please copy the below message and paste it to your social media channel for Haldimand County resources – and include the graphic.

For Twitter:

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For resources within #HaldimandCounty, please visit the #RAHB website by by visiting https://www.rahb.ca/safety-in-haldimand-county/ #SeniorsMonth 

For Instagram, Facebook and LinkedIn:

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For resources within #HaldimandCounty, please visit the #RAHB website by visiting https://www.rahb.ca/safety-in-haldimand-county/ #SeniorsMonth #Seniors #RealEstate #REALTORS #Caledonia #Hagersville #Dunnville

Safety – Federal Resources

Please copy the below message and paste it to your social media channel for federal resources – and include the graphic.

For Twitter:

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For federal government resources, please visit the #RAHB website by by visiting https://www.rahb.ca/safety-by-the-federal-government/ #SeniorsMonth #Canada

For Instagram, Facebook and LinkedIn:

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For federal government resources, please visit the #RAHB website by visiting https://www.rahb.ca/safety-by-the-federal-government/ #SeniorsMonth #Seniors #RealEstate #REALTORS #Canada

Safety – Provincial Resources

Please copy the below message and paste it to your social media channel for provincial resources – and include the graphic.

For Twitter:

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For provincial government resources, please visit the #RAHB website by visiting https://www.rahb.ca/safety-by-the-provincial-government/ #SeniorsMonth #Ontario

For Instagram, Facebook and LinkedIn:

There is no place like home, and sometimes it seems like there is no place safer; however, the house is where many common injuries occur like falling. For provincial government resources, please visit the #RAHB website by visiting https://www.rahb.ca/safety-by-the-provincial-government/. #SeniorsMonth #Seniors #RealEstate #REALTORS #Ontario

Affordability: June 22 – 26

How to share on social media:

To share the various resources, please download the social media graphic by clicking on it and then right clicking and select “save image as” to download the graphic to your computer.

Below each graphic are sample social media messages that are tailored for each of RAHB’s four main communities. Please cut and paste these messages directly into your social media channel, and post the accompanying graphic.

Affordability – Hamilton Resources

Please copy the below message and paste it to your social media channel for Hamilton resources – and include the graphic.

For Twitter:

Sadly, the home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable b/c of income constraints. For resources within #HamOn #Hamilton, please visit the #RAHB website by visiting https://www.rahb.ca/hamilton/ #SeniorsMonth

For Instagram, Facebook and LinkedIn:

Unfortunately, the home sweet home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable because of income constraints. For resources within #HamOnt #Hamilton, please visit the #RAHB website at https://www.rahb.ca/hamilton/ #SeniorsMonth #Seniors #RealEstate #REALTORS

Affordability – Burlington Resources

Please copy the below message and paste it to your social media channel for Burlington resources – and include the graphic.

For Twitter:

Sadly, the home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable b/c of income constraints. For resources within #BurlON #Burlington, please visit the #RAHB website by visiting https://www.rahb.ca/burlington/ #SeniorsMonth

For Instagram, Facebook and LinkedIn:

Unfortunately, the home sweet home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable because of income constraints. For resources within #BurlON #Burlington, please visit the #RAHB website at https://www.rahb.ca/burlington/ #SeniorsMonth #Seniors #RealEstate #REALTORS

Affordability – Niagara North Resources

Please copy the below message and paste it to your social media channel for Niagara North resources – and include the graphic.

For Twitter:

Sadly, the home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable b/c of income constraints. For resources within #Niagara, please visit the #RAHB website by visiting https://www.rahb.ca/niagara-north/ #SeniorsMonth

For Instagram, Facebook and LinkedIn:

Unfortunately, the home sweet home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable because of income constraints. For resources within #Niagara, please visit the #RAHB website at https://www.rahb.ca/niagara-north/ #SeniorsMonth #Seniors #RealEstate #REALTORS

Affordability – Haldimand County Resources

Please copy the below message and paste it to your social media channel for Haldimand County resources – and include the graphic.

For Twitter:

Sadly, the home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable b/c of income constraints. For resources within #HaldimandCounty, please visit the #RAHB website by visiting https://www.rahb.ca/haldimand-county/ #SeniorsMonth

For Instagram, Facebook and LinkedIn:

Unfortunately, the home sweet home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable because of income constraints. For resources within #HaldimandCounty, please visit the #RAHB website at https://www.rahb.ca/haldimand-county/ #SeniorsMonth #Seniors #RealEstate #REALTORS #Caledonia #Hagersville #Dunnville

Affordability – Federal Resources

Please copy the below message and paste it to your social media channel for federal resources – and include the graphic.

For Twitter:

Sadly, the home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable b/c of income constraints. For resources from the federal government, please visit the #RAHB website by visiting https://www.rahb.ca/affordability-by-the-federal-government/ #SeniorsMonth

For Instagram, Facebook and LinkedIn:

Unfortunately, the home sweet home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable because of income constraints. For federal government resources, please visit the #RAHB website at https://www.rahb.ca/affordability-by-the-federal-government/ #SeniorsMonth #Seniors #RealEstate #REALTORS #Canada

Affordability – Provincial Resources

Please copy the below message and paste it to your social media channel for provincial resources – and include the graphic.

For Twitter:

Sadly, the home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable b/c of income constraints. For resources from the provincial government, please visit the #RAHB website by visiting https://www.rahb.ca/affordability-by-the-provincial-government/ #SeniorsMonth

This message is compatible with Instagram:

Unfortunately, the home sweet home comes at a cost that may become unmanageable for seniors. Seniors who wish to stay in their home become unable because of income constraints. For provincial government resources, please visit the #RAHB website by visiting https://www.rahb.ca/affordability-by-the-provincial-government/ #SeniorsMonth #Seniors #RealEstate #REALTORS #Ontario

Reverse Mortgages: Affordability Highlight

How to share on social media:

To share the various resources, please download the social media graphic by clicking on it and then right clicking and select “save image as” to download the graphic to your computer.

Below each graphic are sample social media messages. Please cut and paste these messages directly into your social media channel, and post the accompanying graphic.

Affordability: Reverse Mortgage vs. HELOC

Please copy the below message and paste it to your social media channel for reverse mortgages information – and include the graphic.

For Twitter:

What is the difference between a reverse mortgage and a HELOC? Do they provide the same benefits with the same amount of risk? The short answer is NO. For more information on reverse mortgages, please visit the #RAHB website by visiting https://www.rahb.ca/reverse-mortgages/ #SeniorsMonth

For Instagram, Facebook and LinkedIn:

What is the difference between a reverse mortgage and a HELOC? Do they provide the same benefits with the same amount of risk? The short answer is NO. For more information on reverse mortgages, please visit the #RAHB website by visiting https://www.rahb.ca/reverse-mortgages/ #SeniorsMonth #Seniors #RealEstate #REALTORS

Affordability: Disadvantages of a Reverse Mortgage

Please copy the below message and paste it to your social media channel for reverse mortgages information – and include the graphic.

For Twitter:

Reverse mortgages are predatory with many disadvantages. Other options to consider are a HELOC, create rental income by renting a portion of the home or selling/downsizing. For more information on reverse mortgages, please visit the #RAHB website by visiting https://www.rahb.ca/reverse-mortgages/ #SeniorsMonth

For Instagram, Facebook and LinkedIn:

Reverse mortgages are predatory with many disadvantages. Other options to consider are a HELOC, create rental income by renting a portion of the home or selling/downsizing. For more information on reverse mortgages, please visit the #RAHB website by visiting https://www.rahb.ca/reverse-mortgages/ #SeniorsMonth #Seniors #RealEstate #REALTORS

Effects of Senior Housing: June 29 to August 3

How to share on social media:

To share this resource, please download the social media graphic by clicking on it and then right clicking and select “save image as” to download the graphic to your computer.

Below the graphic is a sample social media message. Please cut and paste this message directly into your social media channel, and post the accompanying graphic.

Effects of Senior Housing

Please copy the below message and paste it to your social media channel for effects of senior housing resources – and include the graphic.

For Twitter:

Supporting senior housing will not just help seniors, but will have positive net effects on the entire population. For resources within #HamOnt #BurlON #Niagara #HaldimandCounty, please visit the #RAHB website by visiting https://www.rahb.ca/effects-of-senior-housing-support/ #SeniorsMonth 

For Instagram, Facebook and LinkedIn:

Supporting senior housing will not just help seniors, but will have positive net effects on the entire population. For resources within #HamOnt #BurlON #Niagara #HaldimandCounty, please visit the #RAHB website by visiting https://www.rahb.ca/effects-of-senior-housing-support/ #SeniorsMonth #Seniors #RealEstate #REALTORS

Regional Re-Opening & Stage 2

On June 8, Premier Ford announced that the Province will increase the social gathering limit from five to 10 people, and all places of worship will be allowed to open and operate at 30 per cent capacity, as of Friday, June 12 at 12:01 a.m. Physical distancing measures of 2 metres are still in effect.

Additionally, Premier Ford announced the Province’s regional reopening plan for Ontario. Most of the province will move into Stage 2 on Friday, June 12, with the exception of communities in the Golden Horseshoe (Halton Region, Hamilton, Niagara Region, Durham Region, York Region, Peel Region and Toronto), Haldimand-Norfolk and border communities in Windsor-Essex and Lambton.

What Can Open in Stage Two

For more information on places that can open in Stage 2, with limitations and physical distancing measures, please click the button below:

Ban on Commercial Evictions

Premier Ford also announced, as of June 3, that he has ordered legislation to ban all commercial evictions for those who qualify for the commercial rent relief program. The ban will last until August 31, 2020.

Independence in Senior Living

The natural effects of ageing can sometimes make independent living more complicated than it once was. While some barriers to independence in ageing are inevitable, it is essential to take the time to understand the importance of autonomy in senior living and look for ways to increase opportunities for independent living.

To access the resources for independence in senior living, please click the button below:

There are many options available that are focused on allowing for greater autonomy for seniors during the ageing process.

CMHC Announces Changes to Policy for Insured Mortgages

In order to protect future home buyers and reduce risk, CMHC is changing its underwriting policies for insured mortgages.

Effective July 1, the following changes will apply for new applications for homeowner transactional and portfolio mortgage insurance:

  • Limiting the Gross/Total Debt Servicing (GDS/TDS) ratios to our standard requirements of 35/42;
  • Establish minimum credit score of 680 for at least one borrower; and
  • Non-traditional sources of down payment that increase indebtedness will no longer be treated as equity for insurance purposes.

Under the changes effective July 1, CMHC will also no longer treat non-traditional sources of down payment funding, such as a personal unsecured line of credit, as equity for insurance purposes. Additionally, the CMHC will be suspending refinancing for multi-unit mortgage insurance except when the funds are used for repairs or reinvestment in housing.

For more information, please click the button below: